Qatar gathered chief executives from the biggest energy companies to celebrate reaching an annual production capacity of 77 million tons of liquefied natural gas, underscoring its rank as the world’s biggest LNG exporter.
The Persian Gulf state may further increase its capacity by as much as 10 million tons a year if it can improve efficiency at its production units, Energy Minister Abdullah al-Attiyah told reporters. Exxon Mobil Corp.’s Rex Tillerson, Royal Dutch Shell Plc’s Peter Voser and ConocoPhillips’ Jim Mulva were among the chief executives attending the ceremony at the industrial city of Ras Laffan yesterday.
“If in the future we want to expand, we will expand as a revamp and de-bottlenecking,” al-Attiyah said yesterday, adding that constructing new LNG units would be a costlier option.
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